Cost Controller
24 hours ago
Main Duties and Responsibilities
We are seeking an accomplished Cost Controller to join our pre-opening team in Mandai Rainforest Resorts by Banyan Tree. As part of the pre-opening team, the incumbent will play a pivotal role in establishing and managing the financial setup for the Resort.
The Cost Controller will be responsible for establishing a robust financial foundation by setting up our accounting systems, ensuring financial compliance and ensuring all financial related matters are in-place from the get-go.
Key Responsibilities
- The incumbent will assist the Director of Finance in preparing regular financial reports, including actual performance, cost forecasts, and variance reports.
- Responsible for managing and analyzing the company's costs. This role involves developing and implementing strategies to optimize spending, identify cost-saving opportunities, and ensure financial compliance.
Cost Analysis:
- Conduct in-depth analysis of cost data to identify trends, variances, and potential areas for improvement.
- Prepare detailed cost reports and provide insights to management for decision-making.
- Develop and maintain cost control systems and procedures.
Budgeting:
- Assist in the preparation of annual budgets and forecasts.
- Monitor budget performance and identify variances, investigating and addressing any discrepancies.
Financial Reporting:
- Prepare and analyze financial reports, including profit and loss statements and balance sheets.
- Ensure accurate and timely reporting of financial information.
Cost Optimization:
- Identify and implement cost-saving initiatives, such as negotiating better terms with suppliers or optimizing resource utilization.
- Lead and participate in cross functional teams to develop and execute cost-saving initiatives.
Job Requirements
- Degree or Diploma in Accounting, Finance, Business Management, Economics or a related field.
- Solid track record of 4 to 6 years’ experience in a similar capacity, preferably in the hospitality industry. Pre-opening experience would be useful.
- Strong knowledge of cost structures, and financial challenges in resorts will be highly desirable
- Ability to interpret financial data, identify trends, and make informed recommendations
- Advanced skills in Microsoft excel, powerpoint and familiar with cost control methodologies with the ability to present financial information in a clear and concise manner
- Strong interpersonal skills to collaborate effectively with various departments
- Strong organizational and time management skills coupled with the ability to manage multiple tasks simultaneously
Tell employers what skills you have
Forecasting
Microsoft Excel
Annual Budgets
Interpersonal Skills
Inventory
Cost Management
Hospitality Industry
Economics
PowerPoint
Accounting
Compliance
Budgeting
Cash Flow
Audit
Cost Control
Project Cost
Financial Reporting
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